Exam II Draft

Exam II Draft - 1 Decision makers generally dont have...

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1. Decision makers generally don’t have enough information. A) True B) False 2. The difference between the concern for information privacy and information property is: A) Information privacy is about who wants your data while information property is about who needs your data. B) Information privacy is about keeping your personal information protected while information property is about who owns the data. C) Information privacy is about who owns the data while information property is about the location of your data D) Information privacy is about machine and human errors, and information property is about who has access to the data. 3. Which of the following is not a means of transforming data into information? A) Sorting B) Grouping C) Making a graph D) Auditing E) Purchasing 4. Data is information that has been transformed and is useful to make business decisions. A) True B) False 5. Which of the following is a reason that good information has value? A) It saves time. B) It improves decision making. C) It reduces uncertainty. D) It reduces costs. E) All of the above. 6. Problems arise when working with data and information in four major areas: A) Privacy, transactions, accuracy, data sharing B) Privacy, accessibility, security, secondary use C) Identity theft, accuracy, ownership, accessibility D) Privacy, accuracy, ownership, accessibility 7. Which of the following statements regarding data and information is true? A) Data and information are really the same thing B) Information can be used to create new data by creating visuals like charts and graphs C) Sorting, grouping, calculating and summarizing are some of the ways to convert data into information D) Data are raw facts that have been processed and are useful for decision making
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8. Information can create value to business if it is A) Relevant to the decision at hand B) Accurate and timely C) Unique D) A and B E) All of the above 9. The process of figuring out who in the business should fill what positions, and how the good is going to be produced and sold is: A) Finance B) Management C) Financial Accounting D) Managerial Accounting E) None of these 10. Technological improvements A) Always involve better computer technology B) Always involves the using a process that has more capital than labor C) Involves off-shoring expensive labor-based process and only keeping capital based processes in the US D) All of the above E) None of the above 11. The Owners of a business should be happy and keep the business open with any positive
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Exam II Draft - 1 Decision makers generally dont have...

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